On
June 29, 2012, the North Carolina Utilities Commission approved the merger between Progress Energy, Inc. and Duke Energy Corporation. Also on June 29, 2012, the Public Service Commission of South Carolina (the PSCSC) issued a notice
that a meeting would be held on July 2, 2012 at 11:30 a.m. The effective time of the merger will depend on the outcome of the PSCSC meeting.